- Paperback: 378 pages
- Publisher: UPA; 1st edition (June 16, 2011)
- Language: English
- ISBN-10: 0761854819
- ISBN-13: 978-0761854814
- Product Dimensions: 6.2 x 1.1 x 9.1 inches
- Shipping Weight: 1.4 pounds (View shipping rates and policies)
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Best Sellers Rank: #2,575,536 in Books (See Top 100 in Books)
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Objective Economics: How Ayn Rand's Philosophy Changes Everything About Economics 1st Edition
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Once every decade or so a book is published that changes the way people view a topic, even if they consider themselves experts in that area. I believe that Professor Buechner's new text will be one of those rare books. Forget the pop-culture economics books that have appeared on the scene in recent years with their anecdotes about crime waves and parking meters. If one truly wishes to learn about the not so 'dismal science,' Objective Economics is the book to read. I intend to recommend it to all of my students. (Dr. George A. Mangiero, Iona College)
Professor Buechner presents a comprehensive theory of prices demonstrating how the economy is shaped by individual businessmen grasping and evaluating facts of reality. (Shrikant Rangnekar, partner, ILW.com)
This is the first economics text to emphasize a central truth about economics: that the fundamental concept of economic thought is economic value. By placing value first and grasping its objective nature, Professor Buechner cuts through the convolutions of modern economics, and provides a solid grounding for issues such as exchange, price, supply, and demand. Students and professionals now have a starting point for economic thinking that is far superior to the 'scarcity' or 'distribution' models in most texts today. (Dr. John David Lewis, Duke University)
Professor Buechner presents a new theory of price in this book. A lifelong admirer of Ayn Rand, he has built his theory on her philosophy of Objectivism and created an original conception of the economy and how it works. His book is written for the economist or noneconomist, particularly those who always thought 'I just can't understand economics.' After 40 years as an economic consultant, I wish I had had this book to read when I began my career. (M. Kathryn Eickhoff, Eickhoff Economics, Inc.)
About the Author
M. Northrup Buechner has taught economics at St. John's University, New York, for forty years. He has published articles in The New York Times, The Objectivist Forum, The Southern Economic Journal, and other scholarly and popular publications. He has lectured on many college campuses and has spoken at Objectivist and economic conferences around the world.
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Top Customer Reviews
It is no wonder that politicians who look to economic advisers for guidance get nothng but neo-mercantilist, Keynesian, or collectivist answers: all of which are irrational. This advice has led our country to an abyss.
The social system of Capitalism and its economics would long ago gained its moral and intellectual footings were it not for the unabashedly anti-intellectual collectivist academies. The author rightly identifies the philosophical achievements of Ayn Rand's Objectivism in providing the advances in the understanding of CONCEPTUAL KNOWLEDGE that make a truly objective science of economics and morality possible. It is upon these achievements that Dr. Northrup has been able to give us the gift and the relief of an enlightening understanding of the subject of economics. Dr. David Reisman not long ago gave us the work CAPITALISM that is also a wonderful but far more comprehensive application of Rand's ideas and conceptual approach to economics. His book was not widely taken up in academia. Hopefully Dr. Northrup's work, which has some distinctive achievements of its own, will get more attention especially among academic intellectuals.
This book gives great hope that eventually a more objective economics will re-invigorate the Capitalistic System that has so benefited mankind in terms of health and wealth.
Perhaps we will learn to cherish again the enormous achievement of the Founders of the first Republic to be founded on an idea rather than conquest. The only nation to offer a rational statement of Individual Human Rights and attempt to give it political and economic form.
It may be a little late - a century of thinking on this subject was lost on our college campuses; and thousands of young minds were confused and demoralized at great expense. We may all now have to endure a horrible regression in wealth, comfort, and happiness. But there IS hope with Dr. Northrup's excellent book and the work of other Objectivist scholars in this and other disciplines who are finally gaining more attention among intellectuals, academics, and the general public
in this country an around the world.